DJI with potential ABC down forming the C wave down now.
Seems more likely than a push back higher with the RSI trend and regression channel issues.
Liking the .50 fib for a fairly swift retrace target, but might bounce/hold at the 200-day MA as it did back on July 8th.
A few noticeable price gaps on the 3-hr chart including one very near the 50% fib.
Long DOG calls.
Not financial advice.
Seems more likely than a push back higher with the RSI trend and regression channel issues.
Liking the .50 fib for a fairly swift retrace target, but might bounce/hold at the 200-day MA as it did back on July 8th.
A few noticeable price gaps on the 3-hr chart including one very near the 50% fib.
Long DOG calls.
Not financial advice.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.